In a letter to the IMF, Haddad demands tax justice and criticizes unilateral measures.
Minister advocates for review of tax exemptions and fairer taxation in letter presented at IMF meetings.
247 - Finance Minister Fernando Haddad sent a letter to the International Monetary Fund (IMF) defending adjustments to Brazilian fiscal policy and criticizing the adoption of unilateral measures in global trade. The document, according to... CNN Brazil, was drawn up in the context of the IMF and World Bank Annual Meetings, held in Washington since last Monday (14).
Tax review and tax justice
In the text, Haddad argues that Brazil needs to increase domestic revenue by reviewing tax exemptions considered inefficient and adopting a more progressive taxation system on income and wealth. According to him, this strategy seeks to balance public accounts without compromising economic growth.
Monetary policy and the Central Bank's commitment
Regarding monetary policy, Haddad stressed the need for it to remain guided by economic data, with "clear" communication to ensure credibility and anchor expectations. The minister also highlighted that the interest rate in Brazil remains at a contractionary level, reinforcing, according to him, the Central Bank's "unwavering" commitment to maintaining control of inflation.
Global risks and inequality
In the international arena, Haddad criticized the increase in trade barriers. According to him, unilateral measures have fueled uncertainty in a context already marked by high interest rates and a climate crisis. "The global economy is navigating uncharted waters," the minister stated in the document.
He also highlighted factors that are putting pressure on global growth, such as population aging, low productivity, climate risks, and increased protectionism. According to Haddad, these challenges could further widen inequalities between high-, middle-, and low-income countries.
Brazil at IMF meetings
Although he was scheduled to participate in the meetings in Washington, Haddad remained in Brasília after the Provisional Measure that increased taxes on banks and online betting sites expired. The proposal projected revenue of approximately R$ 17 billion in 2026, but ultimately failed.
With the minister absent, Brazil is being represented by the Secretary of International Affairs of the Ministry of Finance, Tatiana Rosito, who is following the debates in the United States.
